Analysts Set Levi Strauss & Co. (NYSE:LEVI) Price Target at $20.55

Shares of Levi Strauss & Co. (NYSE:LEVI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $20.55.

Several equities analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Wells Fargo & Company raised their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Barclays raised their price target on shares of Levi Strauss & Co. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Morgan Stanley decreased their target price on shares of Levi Strauss & Co. from $17.00 to $16.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus decreased their target price on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th.

Levi Strauss & Co. Trading Down 0.5%

Shares of NYSE:LEVI traded down $0.10 during mid-day trading on Monday, reaching $19.42. The stock had a trading volume of 2,825,494 shares, compared to its average volume of 2,123,368. The firm has a market cap of $7.69 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.84 and a beta of 1.15. The firm has a 50 day simple moving average of $17.64 and a two-hundred day simple moving average of $17.09. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $21.95.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its quarterly earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.10. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. Levi Strauss & Co. had a net margin of 5.63% and a return on equity of 28.11%. Levi Strauss & Co.'s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. On average, research analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC grew its stake in shares of Levi Strauss & Co. by 101.5% during the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock worth $34,000 after purchasing an additional 1,113 shares during the period. IFP Advisors Inc acquired a new position in shares of Levi Strauss & Co. during the first quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Levi Strauss & Co. by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock valued at $49,000 after purchasing an additional 812 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker's stock valued at $51,000 after buying an additional 1,879 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Levi Strauss & Co. during the fourth quarter worth approximately $57,000. 69.14% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.